Hollysys(HOLI) - 2023 Q2 - Quarterly Report

Exhibit 99.1 FOR IMMEDIATE RELEASE Hollysys Automation Technologies Reports Unaudited Financial Results for the Second Quarter and the First Half Year Ended December 31, 2022 First Half of Fiscal Year 2023 Financial Highlights • Total revenues were $414.8 million, an increase of 12.2% compared to the comparable prior year period. • Gross margin was 36.1%, compared to 35.3% for the comparable prior year period. Non-GAAP gross margin was 36.3%, compared to 35.4% for the comparable prior year period. • Net inc ...